Borealis Plans Major LDPE Investment in Sweden

12:18 PM MDT | July 27, 2007 | Ian Young

Borealis has announced plans for a major expansion and modernization of its polyethylene (PE) capacity at Stenungsund, Sweden. The company will invest €370 million ($492 million) to build a 350,000-m.t./year high-pressure, low-density polyethylene (LDPE) plant and says it will close 230,000 m.t./year of “old, high-cost PE capacity,” as part of the plan. The resulting 120,000-m.t./year net increase will lift Borealis’s total PE capacity at Stenungsund to about 700,000 m.t./year, says Borealis CEO John Taylor. Taylor: Biggest spend on a...